FAB vs. ESML ETF Comparison

Comparison of First Trust Multi Cap Value AlphaDEX Fund (FAB) to iShares MSCI USA Small-Cap ESG Optimized ETF (ESML)

FAB

First Trust Multi Cap Value AlphaDEX Fund

FAB Description

The investment seeks investment results that correspond generally to the price and yield (before the fund's fees and expenses) of an equity index called the Defined Multi Cap Value Index. The fund will normally invest at least 90% of its net assets in common stocks that comprise the index. The index is a modified equal-dollar weighted index designed by S&P to objectively identify and select stocks from the S&P Composite 1500(R) Value Index that may generate positive alpha relative to traditional passive-style indices through the use of the AlphaDEX(R) selection methodology. It is non-diversified.

Grade (RS Rating)

Last Trade

$87.39

Average Daily Volume

2,766

Number of Holdings ^*

665

* may have additional holdings in another (foreign) market

ESML

iShares MSCI USA Small-Cap ESG Optimized ETF

ESML Description

The investment seeks to track the investment results of the MSCI USA Small Cap Extended ESG Focus Index. The fund generally will invest at least 90% of its assets in the component securities of the underlying index and may invest up to 10% of its assets in certain futures, options and swap contracts, cash and cash equivalents. The underlying index is an optimized equity index designed to produce investment results comparable to the MSCI USA Small Cap Index (the "parent index"), while reflecting a higher allocation than that of the parent index to U.S. small-capitalization companies with favorable ESG profiles. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$44.63

Average Daily Volume

103,233

Number of Holdings ^*

904

* may have additional holdings in another (foreign) market

Performance

Period	FAB	ESML
30 Days	3.51%	5.98%
60 Days	6.25%	9.94%
90 Days	9.38%	14.58%
12 Months	31.21%	39.54%

263 Overlapping Holdings

Symbol	Grade	Weight in FAB	Weight in ESML	Overlap
AAP	D	0.17%	0.05%	0.05%
ABCB	B	0.1%	0.1%	0.1%
ABG	B	0.14%	0.12%	0.12%
ABM	B	0.05%	0.09%	0.05%
ACA	B	0.09%	0.14%	0.09%
AEO	F	0.11%	0.09%	0.09%
AGCO	F	0.08%	0.13%	0.08%
AGO	B	0.23%	0.05%	0.05%
AIR	C	0.02%	0.05%	0.02%
AL	B	0.22%	0.1%	0.1%
ALG	B	0.08%	0.08%	0.08%
ALK	A	0.15%	0.22%	0.15%
ALKS	B	0.09%	0.1%	0.09%
AMG	C	0.22%	0.18%	0.18%
AMN	F	0.1%	0.07%	0.07%
AMWD	B	0.11%	0.07%	0.07%
AN	D	0.12%	0.07%	0.07%
ANDE	D	0.1%	0.06%	0.06%
AR	B	0.09%	0.2%	0.09%
ARCB	C	0.08%	0.05%	0.05%
ARW	F	0.16%	0.09%	0.09%
ASB	B	0.06%	0.16%	0.06%
ASGN	B	0.09%	0.15%	0.09%
ASH	F	0.12%	0.05%	0.05%
ATKR	C	0.26%	0.09%	0.09%
AUB	B	0.05%	0.1%	0.05%
AVA	D	0.12%	0.19%	0.12%
AVNT	B	0.04%	0.07%	0.04%
AVT	C	0.18%	0.28%	0.18%
AXS	B	0.13%	0.18%	0.13%
BANR	B	0.09%	0.16%	0.09%
BC	D	0.13%	0.08%	0.08%
BCC	B	0.17%	0.16%	0.16%
BECN	B	0.1%	0.13%	0.1%
BERY	C	0.13%	0.17%	0.13%
BHE	B	0.06%	0.16%	0.06%
BHLB	B	0.03%	0.19%	0.03%
BJ	B	0.05%	0.27%	0.05%
BKU	B	0.08%	0.05%	0.05%
BNL	D	0.09%	0.05%	0.05%
BPOP	C	0.04%	0.07%	0.04%
BWA	B	0.21%	0.18%	0.18%
BYD	A	0.14%	0.06%	0.06%
CABO	C	0.14%	0.13%	0.13%
CADE	B	0.2%	0.13%	0.13%
CAL	D	0.11%	0.04%	0.04%
CAR	C	0.05%	0.05%	0.05%
CBU	B	0.03%	0.06%	0.03%
CC	D	0.02%	0.06%	0.02%
CCS	F	0.11%	0.07%	0.07%
CIVI	F	0.23%	0.06%	0.06%
CLF	D	0.18%	0.07%	0.07%
CMA	B	0.1%	0.19%	0.1%
CMC	B	0.24%	0.21%	0.21%
CMCO	C	0.1%	0.05%	0.05%
CNMD	C	0.03%	0.05%	0.03%
CNO	B	0.19%	0.19%	0.19%
CNX	B	0.25%	0.27%	0.25%
CNXC	F	0.18%	0.03%	0.03%
COLB	B	0.15%	0.12%	0.12%
COLM	B	0.09%	0.07%	0.07%
COOP	B	0.18%	0.05%	0.05%
CRC	B	0.09%	0.1%	0.09%
CRI	F	0.06%	0.04%	0.04%
CSGS	B	0.06%	0.1%	0.06%
CUBI	B	0.14%	0.05%	0.05%
CUZ	C	0.09%	0.22%	0.09%
CVBF	B	0.09%	0.1%	0.09%
CWEN	D	0.02%	0.07%	0.02%
CWEN	D	0.02%	0.06%	0.02%
CZR	D	0.04%	0.15%	0.04%
DAR	B	0.19%	0.19%	0.19%
DEA	D	0.05%	0.07%	0.05%
DEI	C	0.03%	0.02%	0.02%
DFIN	D	0.05%	0.11%	0.05%
DK	D	0.05%	0.04%	0.04%
DNOW	B	0.13%	0.05%	0.05%
DXC	B	0.19%	0.11%	0.11%
EFSC	B	0.08%	0.1%	0.08%
ENOV	C	0.06%	0.08%	0.06%
EPC	F	0.12%	0.05%	0.05%
ESNT	D	0.18%	0.07%	0.07%
FAF	D	0.04%	0.16%	0.04%
FELE	B	0.04%	0.21%	0.04%
FFBC	B	0.11%	0.05%	0.05%
FHN	B	0.16%	0.21%	0.16%
FIBK	B	0.08%	0.14%	0.08%
FIVE	F	0.09%	0.11%	0.09%
FLR	C	0.05%	0.11%	0.05%
FMC	F	0.2%	0.17%	0.17%
FOXF	F	0.04%	0.04%	0.04%
FUL	F	0.04%	0.1%	0.04%
FULT	B	0.08%	0.11%	0.08%
GBX	A	0.16%	0.06%	0.06%
GEF	A	0.13%	0.05%	0.05%
GEF	A	0.13%	0.05%	0.05%
GL	B	0.13%	0.12%	0.12%
GO	D	0.05%	0.04%	0.04%
GOGO	C	0.05%	0.05%	0.05%
GPI	B	0.18%	0.18%	0.18%
GPRE	F	0.02%	0.04%	0.02%
GRBK	D	0.06%	0.05%	0.05%
GT	C	0.14%	0.07%	0.07%
GXO	B	0.05%	0.16%	0.05%
HAYW	C	0.03%	0.05%	0.03%
HCC	C	0.25%	0.05%	0.05%
HELE	C	0.13%	0.06%	0.06%
HGV	B	0.1%	0.06%	0.06%
HIW	D	0.1%	0.14%	0.1%
HOG	F	0.18%	0.2%	0.18%
HRI	B	0.19%	0.25%	0.19%
HWC	B	0.1%	0.08%	0.08%
IART	C	0.14%	0.06%	0.06%
INDB	B	0.12%	0.07%	0.07%
INGR	B	0.14%	0.45%	0.14%
IOSP	B	0.05%	0.07%	0.05%
IVZ	C	0.04%	0.25%	0.04%
JAZZ	B	0.18%	0.15%	0.15%
JBGS	F	0.02%	0.06%	0.02%
JBT	C	0.15%	0.08%	0.08%
JEF	B	0.05%	0.1%	0.05%
JWN	B	0.09%	0.06%	0.06%
JXN	B	0.26%	0.15%	0.15%
KAR	A	0.06%	0.1%	0.06%
KBH	D	0.16%	0.22%	0.16%
KFY	B	0.09%	0.09%	0.09%
KLG	D	0.08%	0.05%	0.05%
KOS	F	0.11%	0.11%	0.11%
KRC	C	0.18%	0.11%	0.11%
KSS	F	0.11%	0.05%	0.05%
LAD	B	0.2%	0.21%	0.2%
LBRDK	B	0.22%	0.07%	0.07%
LCII	D	0.05%	0.11%	0.05%
LEA	F	0.19%	0.11%	0.11%
LFUS	D	0.04%	0.14%	0.04%
LNC	B	0.19%	0.09%	0.09%
LNN	B	0.05%	0.08%	0.05%
LPX	A	0.09%	0.17%	0.09%
LSTR	B	0.04%	0.21%	0.04%
LXP	D	0.02%	0.06%	0.02%
M	D	0.18%	0.13%	0.13%
MAT	C	0.04%	0.14%	0.04%
MDU	F	0.15%	0.17%	0.15%
MHO	D	0.21%	0.06%	0.06%
MLKN	D	0.1%	0.04%	0.04%
MMS	C	0.08%	0.05%	0.05%
MODG	F	0.09%	0.06%	0.06%
MRC	B	0.11%	0.05%	0.05%
MTG	D	0.21%	0.23%	0.21%
MTH	D	0.2%	0.18%	0.18%
MTRN	B	0.03%	0.05%	0.03%
MTX	B	0.05%	0.12%	0.05%
MUR	F	0.21%	0.13%	0.13%
MUSA	B	0.04%	0.33%	0.04%
MYRG	B	0.03%	0.15%	0.03%
NBTB	B	0.03%	0.05%	0.03%
NFG	C	0.17%	0.21%	0.17%
NJR	B	0.04%	0.21%	0.04%
NOV	D	0.22%	0.15%	0.15%
NWN	B	0.1%	0.07%	0.07%
NXST	C	0.15%	0.1%	0.1%
OGN	F	0.11%	0.09%	0.09%
OGS	B	0.13%	0.31%	0.13%
OMF	B	0.15%	0.19%	0.15%
OMI	F	0.06%	0.04%	0.04%
OPCH	F	0.03%	0.09%	0.03%
ORI	A	0.09%	0.13%	0.09%
OSK	B	0.24%	0.29%	0.24%
OZK	B	0.19%	0.13%	0.13%
PBF	F	0.21%	0.05%	0.05%
PDCO	D	0.1%	0.14%	0.1%
PEB	D	0.07%	0.06%	0.06%
PFS	B	0.03%	0.05%	0.03%
PGRE	B	0.03%	0.05%	0.03%
PINC	B	0.14%	0.14%	0.14%
PK	B	0.13%	0.06%	0.06%
PLUS	D	0.02%	0.07%	0.02%
PLYA	B	0.09%	0.07%	0.07%
PNFP	B	0.05%	0.27%	0.05%
POST	D	0.12%	0.09%	0.09%
PPBI	B	0.03%	0.06%	0.03%
PRG	C	0.1%	0.05%	0.05%
PRGO	C	0.04%	0.07%	0.04%
PSMT	D	0.05%	0.05%	0.05%
PTEN	D	0.24%	0.04%	0.04%
PVH	C	0.22%	0.16%	0.16%
R	B	0.19%	0.28%	0.19%
RDN	C	0.21%	0.09%	0.09%
REZI	A	0.11%	0.19%	0.11%
RGA	A	0.18%	0.29%	0.18%
RHI	B	0.05%	0.2%	0.05%
RNR	D	0.21%	0.26%	0.21%
RNST	B	0.08%	0.08%	0.08%
ROCK	B	0.05%	0.06%	0.05%
ROG	D	0.05%	0.07%	0.05%
RRC	B	0.18%	0.24%	0.18%
RUSHA	B	0.2%	0.05%	0.05%
RYN	F	0.04%	0.05%	0.04%
SASR	B	0.09%	0.07%	0.07%
SBH	C	0.1%	0.05%	0.05%
SCL	C	0.05%	0.1%	0.05%
SEE	C	0.04%	0.07%	0.04%
SEM	B	0.05%	0.07%	0.05%
SHOO	D	0.02%	0.12%	0.02%
SIG	B	0.16%	0.1%	0.1%
SJW	D	0.07%	0.1%	0.07%
SKY	C	0.04%	0.05%	0.04%
SLM	B	0.09%	0.15%	0.09%
SM	C	0.23%	0.06%	0.06%
SNDR	A	0.08%	0.19%	0.08%
SNX	C	0.13%	0.08%	0.08%
SON	F	0.12%	0.12%	0.12%
SPB	A	0.07%	0.08%	0.07%
SR	C	0.16%	0.14%	0.14%
SSB	B	0.05%	0.26%	0.05%
STC	C	0.02%	0.08%	0.02%
STWD	D	0.04%	0.1%	0.04%
SUM	B	0.16%	0.28%	0.16%
SWX	B	0.13%	0.13%	0.13%
TALO	B	0.14%	0.06%	0.06%
TDS	B	0.14%	0.08%	0.08%
TEX	C	0.23%	0.08%	0.08%
TGNA	B	0.15%	0.18%	0.15%
THO	B	0.13%	0.13%	0.13%
THRM	D	0.05%	0.05%	0.05%
TMHC	C	0.22%	0.18%	0.18%
TNET	D	0.08%	0.07%	0.07%
TOL	B	0.43%	0.27%	0.27%
TPH	D	0.2%	0.14%	0.14%
TPR	B	0.05%	0.25%	0.05%
UBSI	B	0.1%	0.16%	0.1%
UCB	B	0.05%	0.04%	0.04%
UGI	D	0.2%	0.25%	0.2%
UMBF	B	0.05%	0.25%	0.05%
UNM	A	0.2%	0.23%	0.2%
UPBD	B	0.02%	0.06%	0.02%
VAC	B	0.13%	0.07%	0.07%
VBTX	B	0.08%	0.06%	0.06%
VC	D	0.12%	0.1%	0.1%
VLY	B	0.14%	0.14%	0.14%
VNT	B	0.1%	0.15%	0.1%
VOYA	A	0.04%	0.16%	0.04%
VRTS	B	0.08%	0.05%	0.05%
VSAT	F	0.08%	0.03%	0.03%
VSCO	B	0.1%	0.06%	0.06%
VSTS	D	0.09%	0.05%	0.05%
WAL	B	0.04%	0.21%	0.04%
WBS	B	0.16%	0.24%	0.16%
WCC	B	0.16%	0.22%	0.16%
WD	C	0.04%	0.07%	0.04%
WERN	B	0.08%	0.12%	0.08%
WGO	B	0.08%	0.12%	0.08%
WHR	B	0.13%	0.19%	0.13%
WKC	D	0.11%	0.05%	0.05%
WTFC	A	0.1%	0.07%	0.07%
WTS	B	0.04%	0.2%	0.04%
WU	F	0.12%	0.07%	0.07%
XHR	B	0.07%	0.07%	0.07%
XPEL	C	0.02%	0.04%	0.02%
XRX	F	0.08%	0.04%	0.04%
YETI	C	0.05%	0.12%	0.05%
ZD	B	0.1%	0.07%	0.07%
ZION	B	0.16%	0.18%	0.16%

FAB Overweight 404 Positions Relative to ESML

Symbol	Grade	Weight
UAL	A	0.65%
SYF	B	0.56%
GM	B	0.54%
DAL	A	0.52%
STLD	B	0.51%
PCAR	B	0.5%
TROW	B	0.48%
RS	B	0.48%
NUE	C	0.47%
CINF	A	0.47%
HPE	B	0.46%
FOXA	A	0.46%
CMCSA	B	0.46%
CVX	B	0.46%
COP	C	0.46%
EOG	B	0.45%
XOM	B	0.45%
F	C	0.45%
AIG	C	0.45%
T	C	0.44%
VLO	D	0.44%
HAL	D	0.44%
CTRA	C	0.44%
COF	B	0.43%
WFC	B	0.43%
OXY	F	0.43%
DVN	F	0.43%
KMI	A	0.42%
PSX	D	0.42%
MPC	D	0.41%
HBAN	A	0.41%
VTRS	B	0.4%
LYB	F	0.4%
PHM	D	0.4%
LEN	D	0.4%
EG	D	0.4%
ETR	B	0.39%
EQT	A	0.39%
INTC	C	0.39%
CFG	B	0.39%
BG	D	0.39%
LNG	B	0.39%
CVS	F	0.39%
C	B	0.38%
CRBG	C	0.38%
ADM	F	0.38%
FANG	D	0.37%
CTSH	A	0.37%
OC	B	0.37%
ALLY	C	0.37%
SRE	A	0.37%
SLB	D	0.36%
FDX	B	0.36%
KR	A	0.36%
L	B	0.36%
ON	D	0.35%
CNP	B	0.35%
ZBH	C	0.35%
XEL	A	0.35%
ATO	A	0.35%
CB	D	0.34%
APTV	F	0.34%
HIG	C	0.34%
CF	B	0.34%
AEE	A	0.34%
ED	D	0.33%
EXC	D	0.33%
SWKS	F	0.32%
DG	F	0.32%
DHI	D	0.31%
CHTR	B	0.31%
SNA	A	0.31%
MS	A	0.31%
VZ	D	0.31%
MTB	B	0.3%
BKR	B	0.3%
IP	B	0.3%
BAC	A	0.29%
CE	F	0.29%
CNC	F	0.29%
USB	B	0.28%
RF	A	0.28%
TDY	A	0.28%
LUV	B	0.27%
FITB	A	0.27%
STT	B	0.27%
TRV	B	0.27%
DGX	A	0.26%
NI	A	0.26%
ULTA	C	0.26%
AKAM	F	0.26%
MTDR	C	0.25%
NOG	B	0.25%
TGT	C	0.25%
PPL	A	0.25%
D	D	0.25%
SYY	B	0.25%
DE	D	0.25%
TXT	D	0.25%
HP	C	0.25%
LNT	C	0.24%
KHC	F	0.24%
AEP	D	0.24%
EBAY	D	0.24%
HRL	F	0.24%
STX	D	0.24%
AFL	C	0.24%
DUK	D	0.24%
EQR	D	0.24%
DOW	F	0.23%
BIIB	F	0.23%
DTE	D	0.23%
OVV	C	0.23%
BLDR	D	0.23%
CXW	B	0.22%
AMR	C	0.22%
CHRD	F	0.22%
BBY	D	0.22%
RJF	A	0.22%
NFE	F	0.22%
RIOT	C	0.21%
URBN	C	0.21%
TAP	B	0.21%
OKE	A	0.2%
KEY	B	0.2%
DINO	D	0.2%
ZM	A	0.2%
LBRT	D	0.2%
CSCO	A	0.19%
MGY	B	0.19%
JBHT	B	0.19%
NWSA	B	0.19%
ASO	F	0.19%
PNC	A	0.19%
APA	F	0.19%
PKG	B	0.19%
MATX	B	0.19%
HST	C	0.18%
PRU	B	0.18%
DRI	B	0.18%
DDS	C	0.18%
DIS	C	0.18%
CSX	B	0.18%
HPQ	B	0.18%
OTTR	C	0.18%
BEN	C	0.18%
MOS	D	0.18%
G	B	0.18%
ADTN	B	0.18%
KIM	B	0.18%
SOLV	C	0.18%
PPG	F	0.17%
FNF	C	0.17%
POR	D	0.17%
ARE	F	0.17%
NVR	D	0.17%
BKH	B	0.17%
JNJ	F	0.17%
EVRG	A	0.17%
MOH	F	0.17%
BBWI	C	0.17%
TSN	C	0.17%
DOC	C	0.17%
WEC	B	0.17%
PNW	B	0.17%
GBDC	B	0.17%
SSNC	C	0.17%
AMKR	F	0.16%
UHS	D	0.16%
BFH	B	0.16%
HSY	D	0.16%
SANM	B	0.16%
WLK	F	0.16%
HUM	F	0.16%
FE	D	0.16%
CARR	D	0.16%
EIX	D	0.16%
CMS	D	0.16%
ULH	B	0.15%
FNB	A	0.15%
JBL	B	0.15%
ECVT	C	0.15%
BMBL	C	0.15%
KDP	D	0.15%
GIS	F	0.15%
GPC	D	0.15%
BTU	C	0.14%
EIG	B	0.14%
RIG	D	0.14%
KMT	B	0.14%
VTLE	C	0.14%
GMS	B	0.14%
ELV	F	0.14%
CTOS	C	0.14%
PAG	C	0.13%
GIII	C	0.13%
RLJ	C	0.13%
INVA	B	0.13%
SHO	B	0.13%
PLAB	C	0.13%
APLE	B	0.13%
WS	B	0.13%
OGE	B	0.13%
OLN	D	0.12%
HTZ	D	0.12%
VSH	F	0.12%
USM	B	0.12%
IMKTA	C	0.12%
EMN	D	0.12%
TRMK	B	0.12%
SPNT	C	0.12%
RES	D	0.12%
ENS	D	0.12%
UVV	B	0.12%
CRGY	B	0.12%
SJM	F	0.12%
LKQ	D	0.12%
FOR	F	0.12%
GPOR	B	0.12%
GES	F	0.11%
PII	F	0.11%
WMK	B	0.11%
SEB	F	0.11%
MLI	B	0.11%
HOV	D	0.11%
SAH	B	0.11%
PHIN	B	0.11%
EBC	B	0.11%
DBRG	F	0.11%
GHC	B	0.11%
PRDO	B	0.11%
PARR	F	0.11%
BY	B	0.11%
PEBO	B	0.11%
BV	B	0.11%
ODFL	B	0.1%
HII	D	0.1%
ABR	B	0.1%
NAVI	C	0.1%
SEIC	A	0.1%
LADR	B	0.1%
CENTA	C	0.1%
EQC	B	0.1%
SCSC	B	0.1%
DRH	B	0.1%
WSBC	B	0.09%
CRK	B	0.09%
OMC	B	0.09%
GD	A	0.09%
CASH	A	0.09%
ACN	C	0.09%
HY	F	0.09%
CATY	B	0.09%
WTRG	B	0.09%
UFPI	B	0.09%
MIDD	C	0.09%
ADNT	F	0.09%
SLGN	A	0.09%
PNM	B	0.09%
KEYS	B	0.09%
PYPL	B	0.09%
MSM	B	0.09%
AIZ	A	0.09%
CVI	F	0.09%
APD	B	0.09%
WRB	B	0.09%
IEX	B	0.09%
LH	B	0.09%
LHX	B	0.09%
OEC	D	0.09%
KNX	B	0.09%
CRL	C	0.09%
NWE	C	0.09%
IDA	A	0.09%
CMI	B	0.09%
BOKF	B	0.09%
J	B	0.09%
PB	A	0.09%
GEO	B	0.09%
LZB	C	0.09%
MDLZ	F	0.08%
REYN	D	0.08%
BKE	A	0.08%
MCRI	A	0.08%
HUBG	B	0.08%
WPC	F	0.08%
AWK	D	0.08%
EXPD	F	0.08%
CI	D	0.08%
CPB	F	0.08%
TKR	F	0.08%
HOPE	B	0.08%
SRCE	A	0.08%
FCF	B	0.08%
WY	F	0.08%
FTV	D	0.08%
UHAL	C	0.08%
LMT	D	0.08%
NX	C	0.08%
WSFS	A	0.08%
TCBK	B	0.08%
MAS	D	0.08%
IPG	F	0.08%
SKX	F	0.08%
PEP	F	0.08%
LAUR	B	0.08%
DD	D	0.08%
HOLX	D	0.08%
MAA	C	0.08%
DAN	F	0.08%
MDT	D	0.08%
PFBC	B	0.08%
UPS	D	0.08%
HD	B	0.08%
LOW	B	0.08%
SFNC	B	0.08%
SBUX	B	0.08%
FRME	A	0.08%
KALU	B	0.08%
IPGP	C	0.08%
DIOD	F	0.08%
NDSN	B	0.08%
CTVA	C	0.08%
CLX	B	0.08%
PFG	C	0.08%
LILAK	F	0.08%
DFH	F	0.07%
LGIH	F	0.07%
TTMI	A	0.07%
SSTK	D	0.07%
UNF	B	0.07%
NKE	F	0.07%
MRTN	B	0.07%
CAG	F	0.07%
BUSE	B	0.07%
PTVE	D	0.07%
PBH	A	0.06%
FHI	A	0.06%
NIC	A	0.06%
HLF	C	0.06%
FHB	B	0.06%
SNEX	B	0.06%
HMN	B	0.06%
SCVL	D	0.06%
LC	A	0.06%
SHEN	F	0.05%
DNB	B	0.05%
ODP	F	0.05%
PFGC	B	0.05%
SYNA	D	0.05%
OFG	C	0.05%
STBA	C	0.05%
ARI	D	0.05%
KWR	C	0.05%
EPAM	C	0.05%
CXT	D	0.05%
HTH	B	0.05%
ALEX	B	0.05%
WAFD	B	0.05%
TOWN	B	0.05%
FBNC	B	0.05%
NWBI	B	0.05%
SBCF	B	0.05%
UPWK	B	0.04%
FBIN	F	0.04%
NSP	F	0.04%
HSIC	F	0.04%
MGM	F	0.04%
AVNS	D	0.04%
TTC	D	0.04%
AFG	B	0.04%
ALIT	B	0.04%
IAC	F	0.04%
PATK	D	0.04%
SHLS	F	0.03%
EVTC	B	0.03%
SAFT	B	0.03%
MSEX	B	0.03%
CVCO	B	0.03%
SAM	B	0.03%
NVEE	C	0.03%
NNI	C	0.03%
IVT	B	0.03%
ROIC	A	0.03%
HLIO	B	0.03%
BHF	B	0.03%
FDP	B	0.03%
FBK	B	0.03%
TCBI	A	0.03%
MGPI	F	0.03%
MCW	B	0.03%
OLPX	F	0.02%
GIC	D	0.02%
OXM	D	0.02%
AIN	D	0.02%
RC	D	0.02%
CMTG	D	0.02%
CNXN	C	0.02%
OI	D	0.02%
NMRK	B	0.02%
MSGE	F	0.02%
KFRC	C	0.02%
BLMN	F	0.02%
GNW	A	0.02%

FAB Underweight 641 Positions Relative to ESML

Symbol	Grade	Weight
CASY	A	-0.52%
JHG	B	-0.49%
CVNA	B	-0.48%
USFD	A	-0.48%
SFM	B	-0.43%
GWRE	A	-0.43%
KBR	B	-0.41%
EWBC	A	-0.39%
JLL	C	-0.38%
FIX	B	-0.37%
NTNX	B	-0.34%
FTI	B	-0.34%
FLEX	B	-0.33%
REXR	F	-0.33%
AYI	A	-0.33%
FRT	C	-0.32%
XPO	B	-0.32%
RGLD	C	-0.32%
EHC	B	-0.3%
BMI	B	-0.29%
IBKR	A	-0.29%
BLD	F	-0.28%
BWXT	A	-0.28%
SNV	B	-0.28%
ITT	A	-0.28%
GBCI	B	-0.28%
DTM	A	-0.27%
GPK	D	-0.27%
SAIA	B	-0.27%
COHR	B	-0.27%
SCI	B	-0.27%
SIGI	B	-0.27%
WMS	F	-0.26%
NTRA	B	-0.26%
AXTA	B	-0.26%
ATR	A	-0.25%
CACI	B	-0.25%
THC	B	-0.25%
PCVX	D	-0.25%
ALSN	B	-0.25%
DCI	A	-0.25%
MWA	B	-0.24%
ARMK	C	-0.24%
CNM	D	-0.24%
CW	B	-0.24%
WEX	D	-0.24%
NCLH	A	-0.24%
EXLS	A	-0.23%
BFAM	F	-0.23%
MOG.A	B	-0.23%
ONTO	F	-0.23%
CDP	C	-0.23%
AWI	A	-0.23%
PRGS	A	-0.23%
FND	F	-0.22%
FTAI	B	-0.22%
GNRC	B	-0.22%
FTDR	B	-0.22%
AAON	B	-0.22%
ENSG	C	-0.22%
PRI	A	-0.22%
AA	C	-0.21%
HAS	D	-0.21%
SRPT	F	-0.21%
ZWS	B	-0.21%
CBSH	A	-0.21%
HHH	B	-0.21%
INSM	D	-0.21%
CVLT	B	-0.21%
CUBE	D	-0.21%
EGP	D	-0.21%
MTN	D	-0.2%
FCN	D	-0.2%
FRPT	B	-0.2%
TTEK	C	-0.2%
LECO	B	-0.2%
VFC	C	-0.2%
OHI	B	-0.2%
AFRM	A	-0.2%
PCTY	A	-0.2%
LNW	C	-0.2%
HRB	D	-0.2%
BDC	B	-0.2%
ITRI	B	-0.2%
GME	C	-0.19%
WK	B	-0.19%
NVT	B	-0.19%
ENLC	B	-0.19%
FBP	B	-0.19%
WWD	B	-0.19%
RHP	B	-0.19%
WSC	F	-0.19%
RLI	A	-0.19%
NOVT	C	-0.19%
CR	B	-0.19%
DUOL	B	-0.18%
PR	B	-0.18%
PCH	F	-0.18%
NYT	C	-0.18%
MTZ	B	-0.18%
WING	D	-0.18%
CIEN	B	-0.18%
EPRT	C	-0.18%
SOFI	B	-0.18%
MORN	A	-0.18%
KNSL	C	-0.18%
RGEN	D	-0.17%
TKO	D	-0.17%
GATX	B	-0.17%
VVV	B	-0.17%
AEIS	B	-0.17%
ONB	A	-0.17%
LUMN	B	-0.17%
GKOS	A	-0.17%
PLNT	B	-0.17%
THG	A	-0.17%
MSA	D	-0.17%
SITE	C	-0.17%
PLXS	B	-0.17%
SPXC	B	-0.17%
PEN	B	-0.17%
DBX	B	-0.16%
WFRD	D	-0.16%
SPSC	D	-0.16%
FLS	B	-0.16%
LSCC	C	-0.16%
FN	B	-0.16%
CROX	F	-0.16%
BRX	B	-0.16%
CHX	D	-0.16%
SF	A	-0.16%
ITCI	B	-0.16%
ESTC	C	-0.16%
KNTK	B	-0.16%
LAZ	B	-0.16%
DLB	C	-0.16%
PCOR	B	-0.16%
ALTR	C	-0.15%
CRS	B	-0.15%
ANF	D	-0.15%
HNI	B	-0.15%
BRKR	F	-0.15%
GTLB	C	-0.15%
MEDP	D	-0.15%
MMSI	A	-0.15%
MOD	C	-0.15%
AM	B	-0.15%
KTB	B	-0.15%
X	B	-0.15%
TNL	A	-0.15%
ELAN	D	-0.15%
HQY	A	-0.15%
LNTH	F	-0.15%
EAT	A	-0.15%
RRX	C	-0.15%
CRUS	F	-0.15%
ACIW	B	-0.15%
BCPC	B	-0.14%
VKTX	D	-0.14%
ECG	C	-0.14%
RMBS	C	-0.14%
CHDN	C	-0.14%
IDCC	A	-0.14%
KLIC	B	-0.14%
CFLT	B	-0.14%
AVAV	C	-0.14%
RYAN	B	-0.14%
ESI	B	-0.14%
WH	A	-0.14%
HXL	D	-0.14%
ATI	D	-0.14%
FSS	C	-0.14%
SMAR	B	-0.14%
NSIT	F	-0.14%
CAVA	B	-0.13%
CRDO	B	-0.13%
WTM	A	-0.13%
HALO	B	-0.13%
HASI	F	-0.13%
EPAC	B	-0.13%
LRN	B	-0.13%
IBCP	B	-0.13%
ITGR	B	-0.13%
HESM	D	-0.13%
CPK	B	-0.13%
CYTK	C	-0.13%
KNF	C	-0.13%
BOX	B	-0.13%
MKSI	D	-0.13%
AZEK	B	-0.13%
CPF	B	-0.13%
VMI	B	-0.13%
CBT	B	-0.13%
TPX	C	-0.13%
CHE	D	-0.13%
FYBR	D	-0.13%
PRIM	B	-0.13%
NXT	D	-0.12%
BLKB	C	-0.12%
AIT	A	-0.12%
WHD	B	-0.12%
XENE	B	-0.12%
S	B	-0.12%
AGNC	D	-0.12%
ELF	C	-0.12%
PSN	A	-0.12%
LBRDA	B	-0.12%
IRDM	C	-0.12%
OLLI	D	-0.12%
NPO	B	-0.12%
GTLS	A	-0.12%
ADT	B	-0.12%
GAP	C	-0.12%
CGNX	B	-0.11%
ACHC	F	-0.11%
HAE	B	-0.11%
TRNO	D	-0.11%
SLG	C	-0.11%
APPF	B	-0.11%
PFSI	D	-0.11%
ETSY	C	-0.11%
QTWO	B	-0.11%
PATH	C	-0.11%
EVR	B	-0.11%
IBP	F	-0.11%
BHVN	C	-0.11%
VECO	F	-0.11%
WDFC	A	-0.11%
CRNX	B	-0.11%
CCOI	C	-0.11%
ALTM	C	-0.11%
ORA	C	-0.11%
ECPG	B	-0.11%
ADC	B	-0.11%
STRL	B	-0.11%
IMAX	B	-0.1%
TDC	D	-0.1%
INSP	D	-0.1%
POWL	B	-0.1%
PRCT	B	-0.1%
WEN	C	-0.1%
ZI	C	-0.1%
MRCY	B	-0.1%
NWL	B	-0.1%
AMAL	B	-0.1%
FA	D	-0.1%
ERII	B	-0.1%
RVMD	B	-0.1%
BILL	A	-0.1%
APAM	B	-0.1%
RXO	C	-0.1%
HCP	A	-0.1%
DNLI	B	-0.1%
DRS	B	-0.1%
U	D	-0.1%
SSD	D	-0.1%
TXRH	B	-0.1%
PEGA	A	-0.1%
DY	C	-0.1%
GMED	B	-0.1%
RDUS	C	-0.1%
OLED	F	-0.09%
HR	C	-0.09%
MIR	C	-0.09%
CRSP	C	-0.09%
EWTX	B	-0.09%
UNIT	B	-0.09%
KD	B	-0.09%
CRVL	B	-0.09%
ESE	B	-0.09%
LYFT	B	-0.09%
ICFI	C	-0.09%
PJT	B	-0.09%
MGRC	B	-0.09%
AROC	B	-0.09%
NMIH	D	-0.09%
RDNT	B	-0.09%
RL	B	-0.09%
CFR	B	-0.09%
VNO	C	-0.09%
CURB	C	-0.09%
SLAB	F	-0.09%
SHAK	B	-0.09%
TRN	A	-0.09%
FR	D	-0.09%
BRC	B	-0.09%
AMED	F	-0.09%
CAC	B	-0.09%
BRBR	A	-0.09%
DV	C	-0.09%
TENB	D	-0.09%
UNFI	B	-0.08%
TILE	B	-0.08%
CWK	B	-0.08%
PLMR	C	-0.08%
PRKS	B	-0.08%
AUR	C	-0.08%
BWIN	D	-0.08%
EVRI	A	-0.08%
AZTA	D	-0.08%
ST	F	-0.08%
BXMT	C	-0.08%
ICUI	C	-0.08%
RUN	F	-0.08%
RNA	B	-0.08%
SBRA	B	-0.08%
BOH	B	-0.08%
BPMC	B	-0.08%
NTGR	B	-0.08%
LBPH	A	-0.08%
TARS	B	-0.08%
PI	D	-0.08%
LITE	B	-0.08%
CNK	A	-0.08%
GVA	B	-0.08%
RKLB	B	-0.08%
MAC	B	-0.08%
MTSI	B	-0.08%
MNKD	C	-0.07%
CART	B	-0.07%
XRAY	F	-0.07%
VITL	F	-0.07%
MAN	F	-0.07%
VNOM	C	-0.07%
PAYO	B	-0.07%
W	F	-0.07%
PAR	A	-0.07%
SG	C	-0.07%
UPST	B	-0.07%
KREF	D	-0.07%
UEC	B	-0.07%
MRUS	C	-0.07%
CALX	F	-0.07%
RH	B	-0.07%
NARI	C	-0.07%
AAT	C	-0.07%
COLD	F	-0.07%
HBI	B	-0.07%
PHAT	F	-0.07%
PDM	C	-0.07%
HAIN	F	-0.07%
GTES	B	-0.07%
COMP	B	-0.07%
CCCS	B	-0.07%
ENR	B	-0.07%
PECO	B	-0.07%
EYE	D	-0.07%
DOCS	B	-0.07%
VRDN	C	-0.07%
SONO	C	-0.07%
VCTR	B	-0.07%
BDN	D	-0.07%
INTA	B	-0.07%
HIMS	B	-0.07%
ESRT	D	-0.07%
TREX	C	-0.07%
KTOS	B	-0.07%
CTS	B	-0.07%
MHK	D	-0.07%
VSEC	A	-0.07%
AZZ	B	-0.07%
TBBK	B	-0.07%
CLVT	F	-0.07%
PRVA	B	-0.07%
ACLX	B	-0.07%
BL	B	-0.07%
IESC	B	-0.07%
KOP	D	-0.07%
PIPR	B	-0.07%
MARA	C	-0.07%
ATRC	B	-0.07%
ALHC	C	-0.07%
OUT	C	-0.07%
SXT	B	-0.07%
VVX	B	-0.07%
CHWY	B	-0.07%
RARE	F	-0.07%
SFBS	B	-0.06%
RBBN	B	-0.06%
NRIX	B	-0.06%
RNG	C	-0.06%
ADUS	D	-0.06%
SLVM	C	-0.06%
PTCT	B	-0.06%
PLUG	D	-0.06%
VERA	B	-0.06%
GERN	D	-0.06%
CRAI	B	-0.06%
AORT	C	-0.06%
EPR	D	-0.06%
VRRM	F	-0.06%
GH	B	-0.06%
APGE	B	-0.06%
SPR	F	-0.06%
CHH	B	-0.06%
COKE	D	-0.06%
LCID	F	-0.06%
PLAY	C	-0.06%
NUVL	D	-0.06%
CLH	B	-0.06%
OMCL	C	-0.06%
PTGX	C	-0.06%
EXP	B	-0.06%
RUSHB	B	-0.06%
ALKT	C	-0.06%
IBOC	B	-0.06%
PYCR	C	-0.06%
VERX	B	-0.06%
MOV	C	-0.06%
VVI	B	-0.06%
EXPO	D	-0.06%
OWL	B	-0.06%
CAKE	B	-0.06%
FIVN	C	-0.06%
JANX	C	-0.06%
FROG	C	-0.06%
ADMA	B	-0.06%
EWCZ	C	-0.06%
FFIN	B	-0.06%
HI	C	-0.06%
KVYO	C	-0.06%
LEG	F	-0.06%
FUN	C	-0.06%
UFPT	B	-0.06%
PNTG	D	-0.06%
ELVN	C	-0.06%
FOUR	B	-0.06%
PAHC	B	-0.06%
VREX	C	-0.06%
TDOC	C	-0.06%
BOOT	D	-0.06%
APG	B	-0.06%
EE	B	-0.06%
POWI	C	-0.06%
MBUU	C	-0.06%
SMTC	B	-0.06%
MDGL	B	-0.06%
AVPT	A	-0.06%
IRON	B	-0.06%
HURN	B	-0.06%
CLB	B	-0.06%
OII	B	-0.06%
RCM	B	-0.06%
MASI	B	-0.06%
FL	D	-0.06%
ROIV	D	-0.06%
BANC	B	-0.06%
KROS	B	-0.06%
IDYA	D	-0.06%
VRNS	D	-0.06%
HWKN	C	-0.06%
CMP	D	-0.06%
HAFC	B	-0.06%
SKT	A	-0.06%
KE	C	-0.06%
ENV	B	-0.06%
CALM	A	-0.06%
ZYME	A	-0.06%
CLNE	C	-0.06%
WRBY	A	-0.06%
SATS	C	-0.06%
NVST	C	-0.06%
ALEC	C	-0.05%
JAMF	F	-0.05%
HZO	D	-0.05%
MLTX	C	-0.05%
IMVT	D	-0.05%
DOCN	D	-0.05%
ZEUS	C	-0.05%
FLO	F	-0.05%
INVX	D	-0.05%
ASAN	C	-0.05%
PLOW	D	-0.05%
CWT	D	-0.05%
WOLF	F	-0.05%
BEAM	C	-0.05%
LESL	D	-0.05%
LGF.A	C	-0.05%
WNC	C	-0.05%
BBIO	F	-0.05%
BE	C	-0.05%
DLX	B	-0.05%
LOPE	B	-0.05%
AHH	D	-0.05%
NEP	F	-0.05%
ACEL	C	-0.05%
RAMP	C	-0.05%
TNDM	F	-0.05%
AMBC	C	-0.05%
NEOG	D	-0.05%
COGT	D	-0.05%
DGII	B	-0.05%
FLGT	F	-0.05%
REVG	B	-0.05%
FLG	C	-0.05%
CDE	D	-0.05%
PBI	B	-0.05%
AGYS	B	-0.05%
ICHR	C	-0.05%
KELYA	F	-0.05%
FRSH	C	-0.05%
SIBN	C	-0.05%
NABL	F	-0.05%
SNDX	D	-0.05%
ASTE	B	-0.05%
MNRO	B	-0.05%
AGIO	B	-0.05%
KMPR	A	-0.05%
TGTX	B	-0.05%
LEVI	F	-0.05%
HL	D	-0.05%
VYX	B	-0.05%
INFA	D	-0.05%
MTTR	B	-0.05%
CPRX	B	-0.05%
ETNB	D	-0.05%
IONS	F	-0.05%
AVDX	C	-0.05%
NEO	C	-0.05%
UAA	B	-0.05%
TGI	B	-0.05%
THS	F	-0.05%
SHC	D	-0.05%
MXL	C	-0.05%
OSCR	F	-0.05%
ARVN	D	-0.05%
TROX	F	-0.05%
PLRX	C	-0.05%
WT	B	-0.05%
SMPL	B	-0.05%
FLYW	C	-0.05%
ARKO	B	-0.05%
TMDX	F	-0.05%
ESTA	D	-0.05%
AI	C	-0.05%
PDFS	B	-0.05%
MLNK	B	-0.05%
MMI	B	-0.05%
EDR	C	-0.05%
XPRO	F	-0.05%
TWST	C	-0.05%
AWR	B	-0.05%
LIVN	D	-0.05%
NCNO	B	-0.05%
SMP	B	-0.05%
HLIT	D	-0.05%
ARQT	C	-0.05%
CWAN	B	-0.05%
SLNO	B	-0.05%
BROS	B	-0.05%
DCO	C	-0.05%
VRNT	D	-0.05%
NBHC	B	-0.05%
ATEN	A	-0.05%
PRO	C	-0.05%
INFN	C	-0.05%
EMBC	B	-0.05%
ARWR	C	-0.05%
CBZ	B	-0.05%
ZUO	C	-0.05%
AXSM	B	-0.05%
YELP	C	-0.05%
PRAA	C	-0.05%
MPW	F	-0.05%
ATGE	B	-0.05%
TNC	F	-0.05%
RXST	F	-0.05%
CSTL	C	-0.05%
ACVA	C	-0.05%
BGC	B	-0.05%
RKT	D	-0.05%
PD	C	-0.05%
KYMR	B	-0.05%
ETWO	D	-0.04%
TXG	F	-0.04%
FNA	C	-0.04%
FORM	D	-0.04%
CXM	C	-0.04%
SAVA	D	-0.04%
SVRA	D	-0.04%
NUVB	C	-0.04%
MEG	F	-0.04%
MYGN	F	-0.04%
SPT	D	-0.04%
CCRN	F	-0.04%
HOUS	F	-0.04%
STAA	F	-0.04%
CLDX	F	-0.04%
BRZE	C	-0.04%
SWTX	D	-0.04%
NTLA	F	-0.04%
EGY	F	-0.04%
ARCT	F	-0.04%
RCUS	C	-0.04%
KURA	D	-0.04%
PRTA	F	-0.04%
BRY	F	-0.04%
CLW	F	-0.04%
DYN	D	-0.04%
FTRE	D	-0.04%
HPP	F	-0.04%
COUR	F	-0.04%
AMC	C	-0.04%
RCKT	F	-0.04%
QS	F	-0.04%
MTUS	C	-0.04%
MEI	F	-0.04%
CECO	D	-0.04%
CGEM	F	-0.04%
CLSK	C	-0.04%
TMCI	C	-0.04%
HLX	D	-0.04%
ARLO	D	-0.04%
BASE	C	-0.04%
PENN	B	-0.04%
AXL	C	-0.04%
BKD	F	-0.04%
MGNI	A	-0.04%
IVR	D	-0.04%
KRYS	B	-0.04%
PGNY	F	-0.04%
NVCR	C	-0.04%
ALRM	C	-0.04%
QDEL	F	-0.04%
RXRX	C	-0.04%
ANAB	F	-0.03%
AGL	F	-0.03%
ASPN	F	-0.03%
MQ	F	-0.03%
SITC	D	-0.03%
CRMT	F	-0.03%
CDNA	D	-0.03%
SEDG	F	-0.03%
APLS	F	-0.03%
CPRI	F	-0.03%
NVAX	F	-0.03%
JELD	F	-0.03%
NOVA	F	-0.03%
MAGN	F	-0.02%
MC	B	-0.02%
GDOT	C	-0.01%